
Sofi Technologies Inc (NASDAQ:SOFI) shares are trading higher Wednesday after the company reported better-than-expected fiscal fourth-quarter financial results and issued guidance above estimates.
SoFi reported quarterly adjusted revenue increased 54% year-over-year to $279.88 million, which beat the $279.29 million estimate. The company stated a quarterly earnings loss of 15 cents per share, which beat the estimate for a loss of 17 cents per share.